-
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Full Year Results for 2022
SmartCentres Real Estate Investment Trust Operational Shopping centre leasing activity remains strong, with industry-leading occupancy levels of 98{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in Q4 2022, representing a 40 basis point increase as compared to the same period 2021 Same Properties NOI(1) for the quarter increased by $5.1 million or 4.0{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} as compared to Q4 2021, and for the full year increased by $16.5 million or 3.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} as compared to 2021 Net rental income and other for the quarter increased by $2.2 million or 1.7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} as compared to Q4 2021, and for the full year increased by $16.8 million or 3.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} as compared to 2021 Mixed-use Development In excess of three million square feet of…
-
SmartCentres Real Estate Investment Trust Releases Third Quarter Results for 2022
SmartCentres Real Estate Investment Trust Operational Shopping centre leasing activity continues to improve with occupancy levels, inclusive of committed deals, increasing to 98.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in Q3 2022, representing a 50 basis point increase from Q2 2022 Same Properties NOI inclusive of ECL(1) increased by $3.9 million or 3.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in Q3 2022 as compared to the same period in 2021. Same Properties NOI excluding ECL(1) increased by $3.0 million or 2.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in Q3 2022 as compared to the same period in 2021 Net rental income and other increased by $3.6 million or 2.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the three months ended September 30, 2022 as compared to the same period in 2021 Mixed-use Development In…
-
Realtor.com Site Visitor Survey Results: Homebuyers Respond to Challenges from the Market and the Economy at Large
Highlights High listing prices and high mortgage rates lead 34.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of buyers to report budget challenges in their homebuying experience. The share of buyers who report being overbid on a home has decreased as the market has begun to correct itself. Buyers are increasingly targeting homes in other states and smaller towns in a search for affordability. 40.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of all buyers and 45.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of first-time buyers believe the US is currently in a recession, and recession perception is increasingly affecting when buyers are looking to make a purchase. Background and Context In order to better understand the sentiment and experiences of buyers, sellers, and renters currently on the market…
